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Parallel Systems

Parallel Systems

Intermodal freight transportation company

Industrial & Manufacturing
Hardware

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Company Overview
Parallel Systems is a pioneering startup in the intermodal transportation sector, focusing on decarbonizing freight and enhancing supply chain logistics and safety. They are developing autonomous and electric transportation systems for existing rail infrastructure, offering a competitive edge by enabling railroads to tap into the $700 billion U.S. trucking industry. Their commitment to a cleaner, automated rail future, demonstrated by their zero-emissions rail vehicles, positions them as industry leaders in infrastructure utilization and service improvement.
Industrial & Manufacturing
Hardware
B2B

Company Stage

Series A

Total Funding

$58.5M

Founded

2020

Headquarters

Los Angeles, California

Growth & Insights
Headcount

6 month growth

6%

1 year growth

33%

2 year growth

196%